Weekend BTC analisis

Hi everyone,

Since the last big dump that took price from 9.5k to 8k, BTC is in an uncertain área.

In short term I have considered two main scenarios, my key line is the big red descending line.

If a daily candle close below the red line (big descending trend line ), I think BTC Price will dump to test the 6800 - 7000K área (0.236 fib). This move will allow to test again the RSI descending line.

If not (red line hold price), a retest of the base of the big triangle it is also posible as we have a big bullish divergence on the 4 hr chart.

Now, I am not taking any position, just waitting for some kind of move. Let´s see during the weekend.

Have a nice weekend.

Regards